NEW YORK (CNNMoney.com) - Confused about whether lawmakers will extend the $8,000 first-time homebuyer credit and what it would look like?
That's understandable, since the situation is still very fluid.
Here's where things stand.
From CNN Politics
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Oh, yeah that's a great idea. Just like interest only, jumbos, ARMS someone who can't afford a house gets in on another give away deal then reality sets in and they can't pay the mortgage. Shut up already.
More government freebies that we taxpayers' cannot afford! Where is my help? I don't qualify for the low-life freebies being handed out and its not fair.
It's obvious that the initial program failed. It's also obvious that the people pushing extending and expanding the program are trying to get it to the wealthier citizenry who are only wanting to buy a bigger and better home. It's also obvious that the real estate market wants this program to run home prices back up so they can get more commission. Bad idea to start, and bad idea to continue.
Hurry while the goverment is still printing funny money. The gov puts counterfeiters in jail but does basically the same thing themselves.